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Taxes (Tables)
 6 Months Ended
Jun. 30, 2023
Notes and other explanatory information [abstract]  
Summary of income taxes
           
  Current assets Current liabilities Non-current liabilities
  06.30.2023 12.31.2022 06.30.2023 12.31.2022 06.30.2023 12.31.2022
Taxes in Brazil            
Income taxes 199 160 144 2,505 − −
Income taxes - Tax settlement programs − − 56 50 315 302
  199 160 200 2,555 315 302
Taxes abroad 4 5 370 328 − −
Total 203 165 570 2,883 315 302
             
Summary of outstanding amount of settlement year
       
  Jan-Jun/2023 Jan-Jun/2022 Apr-Jun/2023 Apr-Jun/2022
Net income before income taxes 19,401 29,564 8,435 16,350
Nominal income taxes computed based on Brazilian statutory corporate tax rates (34%) (6,597) (10,051) (2,868) (5,559)
Adjustments to arrive at the effective tax rate:        
Tax benefits from the deduction of interest on capital distributions 611 383 611 383
Different jurisdictional tax rates for companies abroad 101 394 (145) 203
Brazilian income taxes on income of companies incorporated outside Brazil (1) (196) (628) (95) (329)
Tax incentives 77 8 34 2
Tax loss carryforwards (unrecognized tax losses) (17) (1) (12) (10)
Non-taxable income (non-deductible expenses), net 4 68 (2) 44
Post-employment benefits (178) (186) (101) (44)
Results of equity-accounted investments in Brazil and abroad 11 120 - (3)
Others 12 18 2 4
Income taxes (6,172) (9,875) (2,576) (5,309)
Deferred income taxes (1,485) (1,989) (813) (28)
Current income taxes (4,687) (7,886) (1,763) (5,281)
Effective tax rate of income taxes 31.8% 33.4% 30.5% 32.5%

 

(1) It relates to Brazilian income taxes on earnings of offshore investees, as established by Law No. 12,973/2014.
Summary of the changes in the deferred income taxes
   
  Jan-Jun/2023 Jan-Jun/2022
Opening balance (5,918) (625)
Recognized in the statement of income for the period (1,485) (1,989)
Recognized in shareholders’ equity (2,380) (2,571)
Translation adjustment (671) (29)
Use of tax loss carryforwards − (1,137)
Others 25 4
Closing balance (10,429) (6,347)
 
Summary of composition of deferred tax assets and liabilities
     
Nature Realization basis 06.30.2023 12.31.2022
PP&E - Exploration and decommissioning costs Depreciation, amortization and write-offs of assets 914 158
PP&E - Impairment Amortization, impairment reversals and write-offs of assets 3,774 3,602
PP&E - depreciation methods and capitalized borrowing costs Depreciation, amortization and write-offs of assets (17,561) (15,438)
Loans, trade and other receivables / payables and financing Payments, receipts and considerations (1,805) 810
Lease liabilities Appropriation of the considerations (305) 434
Provision for legal proceedings Payments and use of provisions 1,055 885
Tax loss carryforwards Taxable income compensation 953 914
Inventories Sales, write-downs and losses 188 333
Employee Benefits Payments and use of provisions 1,534 1,518
Others   824 866
Total   (10,429) (5,918)
Deferred tax assets   671 832
Deferred tax liabilities   (11,100) (6,750)
Summary of other taxes
               
  Current assets Non-current assets Current liabilities Non-current liabilities (1)
  06.30.2023 12.31.2022 06.30.2023 12.31.2022 06.30.2023 12.31.2022 06.30.2023 12.31.2022
Taxes in Brazil                
Current / Non-current ICMS (VAT) 725 716 541 473 927 699 − −
Current / Non-current PIS and COFINS 326 378 2,699 2,362 121 28 118 89
Claim to recover PIS and COFINS − − 724 657 − − − −
CIDE − 1 − − − 5 − −
Production taxes − − − − 1,815 1,996 149 114
Withholding income taxes − − − − 87 149 − −
Others (2) 57 40 294 273 293 152 90 90
Total in Brazil 1,108 1,135 4,258 3,765 3,243 3,029 357 293
Taxes abroad 8 7 12 13 33 19 − −
Total 1,116 1,142 4,270 3,778 3,276 3,048 357 293

 

 

(1) Other non-current taxes are classified within other non-current liabilities in the balance sheet.
(2) At June 30, 2023, it includes US$ 117 in current liabilities relating to export tax over crude oil, which was in effect from March 1 to June 30, 2023.